NIFTY gone up by another 100 points yesterday and made new All time high. BANK NIFTY lifted NIFTY up yesterday. US markets closed marginally low, European markets flat, Asian markets trading mixed with overall positive bias and US futures trading marginally low. SGX is indicating flat or marginally low opening.
F&O Data Analysis (19th Nov series): Highest OI on CALL side at 13000 & 12900; Highest OI on PUT side is at 12800 & 12700. OI addition is high at 12900 & 12950 on CALL side and at 12800 & 12900 on PUT side. PCR is at 1.11 and Maxpain is up by 100 points and now at 12800. Looking at F&O data as on today market participants are expecting NIFTY to close between 13000 and 12700 for current week expiry.
Technically speaking: Support & Resistance levels for Positional Traders based on Daily Charts: Support: 12795, 12610 and 12430. Resistance: 12935 and 13000. Support & Resistance levels for today: Support: 12870, 12830, 12795 and 12750; Resistance: 12935 and 13000;
FIIs bought 4905 crores worth of stocks and DIIs sold 3829 crores worth of stocks in cash market yesterday.
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Disclaimer: Above analysis is just my opinion based on Technical Analysis, F&O Data study and my experience in the market. This information is for educational purpose only, and it possible that my analysis may go wrong. So, take your own decisions or consult your Financial advisor before taking any trading or investment decisions.
